Bioeconomy: State of the Industry 2020

EUROPE

Europe is leaving gen 1 for gen 2, meaning advanced fuels and renewable chemicals, primarily. The chemicals and materials will be driven less by government mandates than government incentives on the project equity side, and serving corporate sustainability goals, what you hear described as ESG. On the fuels side, the volumes are bigger but once again think heavy-duty more than light duty. Therm for high-volume low margin and Ferm for low volume high-margin.